Oil in Global Economy Series: Numbers of active oil rigs in U.S. rise for 20th consecutive week
Jun 05, 2017 07:28 am UTC| Commentary
The U.S. oil producers have added rigs in their operations for a 20th consecutive week, raising concerns that U.S. shale oil producers which were able to cut their production cost dramatically over the past years are now a...
Oil in Global Economy Series: Oil price jumps on Middle East tension
Jun 05, 2017 07:13 am UTC| Commentary
While an agreement between the OPEC and N-OPEC countries last month to extend the current supply cut for another nine months until March 2018 aimed to reduce global oil supply by 1.76 million barrels failed to boost oil...
Oil in Global Economy Series: Lower oil price breaks many fundamental understandings over past years
Jun 02, 2017 10:16 am UTC| Commentary
The price of oil has continued its downward move despite an agreement between the OPEC and participating N-OPEC producers to extend the current supply cut agreement that aims to reduce global oil supply by 1.76 million...
Jun 01, 2017 07:45 am UTC| Commentary
Back in the summer of 2014 and throughout 2015, when the oil price was declining rapidly, it was thought that lower oil price would lead to very large declines in production from the United States, which at that time was...
Oil in Global Economy Series: Numbers of active oil rigs in U.S. rise for 19th consecutive week
May 29, 2017 06:16 am UTC| Commentary
The U.S. oil producers have added rigs in their operations for a 19th consecutive week, raising concerns that U.S. shale oil producers which were able to cut their production cost dramatically over the past years are now a...
Oil in Global Economy Series: What's now for oil price amid OPEC/N-OPEC agreement?
May 26, 2017 08:59 am UTC| Commentary
In an article published before the OPEC/N-OPEC meeting earlier this week, named Oil in Global Economy Series: Oil might suffer buy the rumor, sell the news, available at...
May 26, 2017 06:52 am UTC| Commentary
OPEC and participating N-OPEC countries agreed to an extension of the current supply cut agreement for another nine months until March 2018 that aims to reduce global supply by 1.76 million barrels per day. However, just...
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